FxPro Chief Market Analyst Alex Kuptsikevich mentioned that the recent deep correction in Bitcoin may be attributed to other factors, as the easing of geopolitical tensions between Lebanon and Israel has weakened investors' demand for safe-haven assets like Bitcoin. Additionally, Matt Mena, a crypto research strategist at 21Shares, stated that such corrective behavior has also occurred at previous highs of Bitcoin. He explained: "In March of this year, when Bitcoin hovered around the historical high of $69,000 from 2021, a similar pattern emerged. Bitcoin lingered at that price level for nearly seven days before eventually breaking through... When the price approaches this level, many participants from the previous cycle started to take profits because they anticipated a potential correction."